Kuwait’s Central Tenders Committee (CTC) has announced the winners of four out of the five Al-Zour New Refinery Projectcontracts that are yet to be awarded.

The contracts have a combined value of KD3.5bn ($11.5bn).

Package one consists of process plant and has been awarded to the low-bidder, a joint venture of Technicas Reunidas (Spain), Sinopec Engineering (China), and Hanwha E&C (South Korea). It submitted a price of KD1,283bn.

Package two, which consists of process plant, and package three, which consists of offsites and utilities were both won by a joint venture of Fluor (US), Hyundai Heavy Industries(South Korea), and Daewoo Engineering (South Korea).

These contracts were worth a total of KD1,745m.

Package five consists of marine facilities and was awarded to a consortium of Hyundai E&C (South Korea), SK E&C (South Korea), and Saipem (Italy).

The contract was worth KD454m.

KNPC is planning for the official signing and contract award ceremony to take place in September or October this year, according to industry sources.

Package four is the only remaining contract yet to be awarded.

KNPC retendered package four in May in an attempt to cut costs and secure a lower price, but the retender produced a low bid that was KD68m more than the original low bid of KD407m.